Joint Venture Agreement for Rental Properties

Allan Madan, CA
 Mar 27, 2019
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The JV agreement will be used for the purpose of purchasing and/or maintaining a rental revenue property in, taking into consideration the following facts:

  • The business of the joint venture is limited to the acquisition, development, rental and management of the properties.
  • One of the joint venturers will hold title to the land as a bare trustee on behalf of all of the parties.
  • The agreement does not create a partnership between the parties.
  • Each joint venturer is entitled to receive revenues and will pay for the joint venture’s expenditures in proportion to that party’s respective interest.
  • Each party indemnifies the other parties against third party claims.
  • Funds required by the joint venture will be advanced equally by each of the joint venturers. If any party defaults in contributing funds, they will not be entitled to receive revenues until they have made their contribution.

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The following material is for training purposes only. It is only intended for the internal use of Madan Chartered Accountant and is not accessible to the public. Thank you.

 

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The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.

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